Cyprus crisis


No Picture

Cyprus lose-lose plight

So long stiff capital control measures are in place the economy will enter into a free-fall. But as soon as they are lifted, the run on accounts might likely lead to a banking collapse.



Cyprus crisis

Cyprus crisis too big to handle for Mr Schäuble

NICOSIA | By  | After the failure of the EU’s €10bn Cyprus rescue plan, the German Minister of Finance has questioned the island’s low tax regime. However, a well known journalist argues that following the 1974 Turkish invasion, Nicosia had no option but to offer tax breaks.


No Picture

Charts we know of the Cyprus crisis

By 2017 the two largest Cypriot banks–Bank of Cyprus and Cyprus Popular–face debt repayments of €11 billion or 86 percent of the whole economy’s output.